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June 6, 2022
Rise in business bankruptcies could signal a wave of defaults to come: expert
The number of bankruptcies filed by Canadian businesses is on the rise. According to the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), there were 807 business bankruptcies...
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June 6, 2022
Canadians may see a 0.5% interest rate hike this week thanks to ‘persistent’ inflation
The Bank of Canada is likely to hike its benchmark interest rate another half a percentage point on June 1, further raising the cost of borrowing to tackle “persistent” inflation levels not seen in...
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Welcome to the official blog of the Canadian Association of Insolvency and Restructuring Professionals! We hope you will enjoy insightful and informative posts by our team of expert bloggers on a wide range of topics, including individual, small business and corporate insolvencies, budgeting, financial planning, credit rebuilding and other money management tips for anyone looking to live a debt free life.
Budgeting for Your Holiday Vacation: Tips to Save Without Sacrificing Fun
December 16, 2024
The holiday season is the perfect time for a getaway. Whether you're imagining relaxing on a sunny beach, exploring a new city, or enjoying cozy winter activities, the idea of taking a vacation can be...
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The Role of a Licensed Insolvency Trustee in Canada: A Guide to Financial Recovery
November 14, 2024
Navigating financial difficulties can be overwhelming, especially when faced with complex debt relief options. Fortunately, in Canada, a Licensed Insolvency Trustee (LIT) serves as a federally regulated...
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Navigating Insolvency as a Self-Employed Individual: Key Considerations
November 14, 2024
For self-employed individuals, managing finances can come with unique challenges. Running a business often means dealing with fluctuating income, difficulty accessing traditional credit, and the need to...
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